Australian Government Announces Carbon Tax of $23 per Tonne, an Industrial Info News Alert

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Source: Marketwire

PERTH, AUSTRALIA -- (Marketwire) -- 07/12/11 -- Researched by Industrial Info Resources (Perth, Australia) -- Australia is set to become the first country in the world to place an economy-wide price on carbon after the current Labour Government, led by Julia Gillard, finally released the details of the tax on Sunday, ending months of speculation. The $23-per-tonne tax, which will be introduced from July 1, 2012, and rise 2.5% per year from then on, is being introduced as a leading element in the adoption of an Emissions Trading Scheme from July 1, 2015.

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